₹10,428 crore, 35-km metro corridor reshaping SPR property values
Register InterestThe Haryana Mass Rapid Transport Corporation Limited (HMRTC) has finalized the detailed project report (DPR) for a new Gurgaon Metro corridor linking Sector 56 on Golf Course Extension Road to Pachgaon on the Delhi-Jaipur Highway, with an estimated cost of Rs. 10,428 crore and 28 stations across a 35 km length. This represents one of the largest infrastructure pushes in the city's recent history and marks a critical turning point for underserved areas along the Southern Peripheral Road (SPR).
The route will pass through Sector 56 on GCER, continuing up to Pachgaon, creating unprecedented connectivity across multiple high-growth residential sectors. Authorities are also exploring plans to develop Sector 56 as a multi-modal transit hub by integrating the proposed Gurgaon-Faridabad-Noida RRTS corridor. This new metro corridor will be connected to three major transit points—Rapid Metro and two proposed Namo Bharat lines, with the Sector 61 intersection planned to connect to the proposed Namo Bharat line running between Gurgaon and Greater Noida via Faridabad and Noida.
The project financing has been structured to accelerate execution. The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) will provide Rs 1,500 crore towards the implementation of this metro project. Haryana Government has allocated ₹2000 crore in its 2025-26 budget for upgrades along the stretch. The funding structure includes the Centre covering 10% of the project cost, with 20% equity from the Haryana government and 80% through institutional borrowing from banks.
Impact on SPR Property Prices: Early Data Shows Strong Momentum
Market response to the metro announcement has been immediate. Along the Greater Southern Peripheral Road (GSPR), residential property prices increased by 18.4% year-on-year, driven largely by planned connectivity upgrades and proximity to major employment hubs. Historical precedent suggests even larger gains ahead. Infrastructure developments of this scale typically lead to a 20-30% appreciation in property prices even before the first train runs.
The proposed 35-km Gurugram Metro corridor connecting Sector 56 to Pachgaon with 28 stations, including Global City, is expected to significantly improve connectivity across several residential and commercial sectors, with integration with the Rapid Metro and Namo Bharat network likely to reduce travel times and increase the attractiveness of surrounding micro-markets. Properties within 500 meters of proposed stations are currently seeing the highest demand.
Current Project Status and Timeline
Vatika Chowk separates the proposed elevated route into 2 paths: one towards NH48, and the other to Ghata village, with the eastern segment at the consultancy stage, while the NH48 segment requires a renewed construction tender. The project is not yet under active construction but remains in the tender and design finalization phase as of August 2026.
For homebuyers and investors in SPR sectors (58-76), the metro corridor represents a defining development window. Property rates on SPR in 2026 are up to ₹17,900 per sq ft, depending on the sector and construction stage. With 28 dedicated metro stations planned and integration with existing Rapid Metro infrastructure, buyer demand is expected to remain strong across the corridor through 2027 and beyond.
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